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External imbalances in the Euro area

The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in...

Пълно описание

Основен автор: Chen, Ruo.
Автор-организация: International Monetary Fund. European Department., International Monetary Fund. Western Hemisphere Department.
Други автори: Milesi-Ferretti, Gian-Maria., Tressel, Thierry.
Формат: Електронен
Език: English
Публикувано: [Washington, D.C.] : International Monetary Fund, ℗♭2012.
Серия: IMF working paper ; WP/12/236.
Предмети:
Онлайн достъп: http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516977